Access to Employment and Property Values in Mexico
Location is one of the main characteristics households consider when buying a property or deciding where to live, since it determines accessibility to employment subcenters and public transport stations. Using a geographically-referenced data set o...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/322201522158237240/Access-to-employment-and-property-values-in-Mexico http://hdl.handle.net/10986/29563 |
| Summary: | Location is one of the main
characteristics households consider when buying a property
or deciding where to live, since it determines accessibility
to employment subcenters and public transport stations.
Using a geographically-referenced data set on new housing
developments, this paper estimates how households value
accessibility in Mexico City. The results are shown
considering road accessibility to formal employment
subcenters (private accessibility) and distance to the main
public transport stations in the city (public
accessibility). The results suggest that accessibility to
employment subcenters is considered an amenity for
households, while being closer to a Metro station is
perceived as a dis-amenity. Moreover, households located in
neighborhoods with a greater proportion of informal workers
and lower education levels give a lower value to private
accessibility than households located in neighborhoods with
a lower proportion of informal workers or in high-educated
neighborhoods. These results are evidence of the existence
of spatial segregation in the city, where disadvantaged
households are segregated not only because of their economic
conditions, but also because they are located farther away
from employment opportunities. |
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